Interactive Brokers Group (NASDAQ:IBKR) Hits New 1-Year High - Time to Buy?

Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $59.21 and last traded at $58.80, with a volume of 1500386 shares traded. The stock had previously closed at $57.84.

Wall Street Analysts Forecast Growth

IBKR has been the topic of several research reports. The Goldman Sachs Group increased their price target on shares of Interactive Brokers Group from $53.00 to $60.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Citigroup upped their target price on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. Bank of America cut their target price on shares of Interactive Brokers Group from $66.25 to $60.75 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Barclays restated an "overweight" rating and set a $65.00 target price on shares of Interactive Brokers Group in a research note on Thursday. Finally, Piper Sandler cut their target price on shares of Interactive Brokers Group from $52.50 to $48.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $56.25.

Interactive Brokers Group Price Performance

The company has a market capitalization of $99.06 billion, a PE ratio of 31.72, a price-to-earnings-growth ratio of 2.72 and a beta of 1.25. The company's 50 day simple moving average is $52.34 and its 200 day simple moving average is $48.83.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its earnings results on Tuesday, April 15th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.48 by ($0.01). The business had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.37 billion. Interactive Brokers Group had a return on equity of 4.97% and a net margin of 9.53%. On average, equities analysts forecast that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were given a $0.08 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.32 dividend on an annualized basis and a yield of 0.55%. Interactive Brokers Group's dividend payout ratio (DPR) is 17.30%.

Hedge Funds Weigh In On Interactive Brokers Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Interactive Brokers Group by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 10,351,521 shares of the financial services provider's stock valued at $1,714,108,000 after buying an additional 280,004 shares during the last quarter. Bank of America Corp DE lifted its holdings in Interactive Brokers Group by 91.4% in the fourth quarter. Bank of America Corp DE now owns 2,338,972 shares of the financial services provider's stock valued at $413,226,000 after acquiring an additional 1,117,186 shares during the period. Geode Capital Management LLC lifted its holdings in Interactive Brokers Group by 9.4% in the fourth quarter. Geode Capital Management LLC now owns 2,259,032 shares of the financial services provider's stock valued at $399,205,000 after acquiring an additional 193,497 shares during the period. Wellington Management Group LLP lifted its holdings in Interactive Brokers Group by 8,249.3% in the fourth quarter. Wellington Management Group LLP now owns 1,494,029 shares of the financial services provider's stock valued at $263,950,000 after acquiring an additional 1,476,135 shares during the period. Finally, American Century Companies Inc. lifted its holdings in Interactive Brokers Group by 1,476.3% in the first quarter. American Century Companies Inc. now owns 1,433,981 shares of the financial services provider's stock valued at $237,453,000 after acquiring an additional 1,343,007 shares during the period. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

About Interactive Brokers Group

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company engages in the execution, clearance, and settlement of trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), precious metals, and cryptocurrencies.